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ukretail-sep19_17jan20.jpg UK retail sales declined unexpectedly even in festive season in December signaling that weak consumer spending weighed on economic growth in the last quarter of 2019. Retail sales volume, including auto fuel, dropped 0.6 percent month-on-month, following a 0.8 percent decrease in November, data from the Office for National Statistics showed Friday.

Eurozone construction output recovered in November, Eurostat reported Friday. Construction output increased 0.7 percent on a monthly basis, in contrast to a 0.5 percent fall in October. The recovery was driven by a 1.1 percent rise in building construction and a 0.3 percent rise in civil engineering....

Portugal's producer prices fell for the seventh month in a row in December, figures from Statistics Portugal showed on Friday. The producer price index fell 1.6 percent year-on-year in December, following a 1.9 percent decline in November. Excluding the energy group, producer prices fell 1.4...

Italy consumer price inflation increased in December as estimated, final data from the statistical office Istat showed on Friday. Another report from Istat showed that the trade surplus increased in November, albeit decreases in exports and imports. The consumer price index rose 0.5 percent...

Austria's consumer price inflation rose in December, figures from Statistics Austria showed on Friday. The consumer price index rose 1.7 percent year-on-year in December, following a 1.1 percent increase in November. Prices for housing, water and energy, and leisure and culture grew by 2.5 percent,...

Switzerland's producer and import prices declined in December, data from the Federal Statistical Office showed on Friday. The producer and import prices fell 1.7 percent year-on-year in December. On a monthly basis, producer and import prices edged up 0.1 percent in December. On an average,...

Eurozone inflation increased as estimated in December, final data from Eurostat reported Friday. Inflation rose to 1.3 percent in December, as initially estimated, from 1 percent in November. A similar higher rate was last seen in June. Headline inflation remained well below the European Central...

UK retail sales declined unexpectedly in December, data from the Office for National Statistics showed Friday. Retail sales volume, including auto fuel, dropped 0.6 percent on month, following a 0.8 percent decrease in November. This was the fifth consecutive month of no growth. Economists had...

The euro area current account surplus declined in November from the previous month, the European Central Bank reported Friday. The current account surplus fell to EUR 34 billion from EUR 36 billion in October. However, the surplus was larger than the EUR 27 billion logged in November 2018. The...

preview-jan17.jpg Retail sales from the UK and final inflation from euro area are due on Thursday, headlining a light day for the European economic news. At 4.00 am ET, the European Central Bank is scheduled to publish euro area current account data for November. The current account surplus totaled EUR 32.4 billion in October.

ecb-102418_16jan20.jpg European Central Bank policymakers revealed mild optimism regarding the euro area economic outlook in December and said existing stimulus measures must be given more time to exert themselves on the economy. That said, the Governing Council members stressed for the need to remain attentive to the possible side effects of the present policy measures, the minutes, which the ECB calls "account", said.

Britons' demand for mortgages and credit card loans declined in the fourth quarter, latest credit conditions survey from the Bank of England showed Thursday. Demand for secured lending for house purchase decreased in three months to end-November, and was expected to decrease in three months ending...

turkey-may31_16jan20.jpg Turkey's central bank cut its key interest rate for the fifth time in a row, albeit at the smallest measure in the series, citing continued recovery in economic activity. The Monetary Policy Committee, led by Governor Murat Uysal, slashed the policy rate, which is the one-week repo auction rate, to 11.25 percent from 12.00 percent, the TCMB said in a statement.

Ireland's consumer price inflation rose to the highest level in eight months in December, figures from the Central Statistics Office showed on Thursday. The consumer price index rose 1.3 percent year-on-year in December, following a 1.1 percent increase in November. The latest inflation was the...

Eurozone's house price growth slowed in the third quarter, data from Eurostat showed on Thursday. House prices climbed 4.1 percent year-on-year in the third quarter, after a 4.3 percent rise in the second quarter. On a quarterly basis, house prices rose 1.4 percent in the third quarter, slower...

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